by pentoport | Feb 24, 2023 | Commentary
February 24th, 2023 The Deep State of Wall Street has changed the narrative from an economy that will probably undergo just a soft landing, to one that will now experience no landing at all. This specious propaganda is derived from the situation where we find CPI...
by pentoport | Feb 9, 2023 | Commentary
February 9, 2023 Inflation is supposedly on its way to falling gently back to 2% like a fluffy snowflake while the US economy roars ahead. Or at least that is what the deep state of Wall Street needs you to think. However, the US economy is in the eye of the hurricane...
by pentoport | Jan 17, 2023 | Commentary
January 17th 2023 Those investors who are hanging on to the hopes of an imminent Powell Pivot back to ZIRP and QE received some disappointing news from the latest Non-farm Payroll Report. During the month of December, 223k net new jobs were created, and the...
by pentoport | Jan 3, 2023 | Commentary
January 3, 2023 Fed Chair Jerome Powell remains unimpressed with the reduction of the rate of inflation; down to 7.1% in November, from 9.1% June. The Summary of Economic Projections shows a desire of the Fed to increase their forecast for the Fed Funds Rate to 5% in...
by pentoport | Dec 16, 2022 | Commentary
December 16, 2022 The cornerstones in my Inflation/Deflation and Economic Cycle Model are changes made to fiscal and monetary policies. Those are the two most determinant factors in any fiat-currency and debt-based monetary system. Monetary policies have been...
by pentoport | Nov 3, 2022 | Commentary
November 3, 2022 This latest bear-market bounce was predicated on good seasonality, the hopes for a typical mid-term election boost, and the rumors of a Fed pivot. Wall Street always finds a narrative for rallies in a bear market. But the negative economic and...
by pentoport | Oct 10, 2022 | Commentary
October 7, 2022 The effective overnight interbank lending rate is now 3.08%. It was just 0% a little over six months ago. According to the Fed’s current plans, the Fed Funds Rate (FFR) is heading to at least 4% by the end of this year; and perhaps all the way to...
by pentoport | Sep 6, 2022 | Commentary
September 6, 2022 People tend to hear what they want to hear and believe what they need to believe. In no place is this more true than on Wall Street. The Fed has made abundantly clear that it will tighten monetary policy until inflation is virtually vanquished. And...
by pentoport | Aug 22, 2022 | Commentary
August 22, 2022 Despite all the fanfare and cheerleading you hear in the Main Stream Financial Media, the recent bounce in equity prices has just been a rather pedestrian bear market rally. Bull markets are not engendered by a faltering global economy, very high...
by pentoport | Jul 15, 2022 | Commentary
July 15, 2022 The reality of record-high inflation combined with a hawkish monetary policy is slowing the economy sharply and has led to the current U.S. recession—two back-to-back quarters of negative growth. The economic contraction should soon cause inflation to...
